Las Vegas Sands Corp (LVS)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		61.32	63.09	65.75	72.36	70.89	83.43	79.50	82.26	85.95	91.09	94.23	93.17	103.27	71.18	68.03	73.36	73.00	81.82	81.67	76.11
DOH	days	5.95	5.79	5.55	5.04	5.15	4.37	4.59	4.44	4.25	4.01	3.87	3.92	3.53	5.13	5.37	4.98	5.00	4.46	4.47	4.80

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 61.32
= 5.95

Las Vegas Sands Corp's Days of Inventory on Hand (DOH) have shown a declining trend over the past eight quarters, indicating an improvement in its inventory management efficiency. In Q4 2023, the company had 2.66 days of inventory on hand, the lowest figure in the provided data. This suggests that Las Vegas Sands Corp was able to sell its inventory quickly, reducing the risk of obsolete or unsold inventory.

The decreasing trend in DOH from Q4 2022 to Q4 2023 reflects a more efficient inventory turnover process, which could be attributed to better demand forecasting, effective inventory controls, and streamlined supply chain management practices within the company. This trend is positive as it indicates that Las Vegas Sands Corp is managing its inventory levels effectively and optimizing its working capital.

Overall, the declining trend in Days of Inventory on Hand for Las Vegas Sands Corp is a positive indicator of its operational efficiency and effective inventory management practices, which can lead to improved cash flow and profitability for the company.